Automotive Chips Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global automotive chips market is anticipated to grow at a significant CAGR of 14.9% during the forecast period. One of the core factors that is thriving the market is the growing advanced features in the vehicles. With technological development, vehicles have been getting more and more advance with the latest technologies. Most of the technologies are pushing for autonomous features such as advanced driver-assistance systems (ADAS), Autopilot, emergency braking systems, auto on/off, and others. All these systems require automotive chips to perform accurately. Thus, the demand for the chips is so high that the market players are increasing production exponentially. For instance, in September 2021, The US chipmaker, GlobalFoundries informed that it is on track to double the output of its automotive chips for 2021 in response to an unprecedented global supply crunch and spent a further $6 billion for expanding overall production capacity.

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The use of the latest automotive chips for Vehicle-to-everything (V2X) communication and infotainment systems further enhance the connectivity of the vehicles and the user experience, which in turn promotes market growth as manufacturers such as Bosch adopt intelligent platforms that enable real-time data exchange, ADAS, and seamless in-car entertainment. For instance, in January 2024, Bosch introduced a new vehicle computer platform at CES, uniting driver assistance and infotainment functions. A system on a chip, it has integrated a powerful processor that can indeed support intelligent parking, detection of lanes, intelligent navigation, and voice assistants.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others


Market Segmentation

Global Automotive Chips Market by Product Type

  • Logic ICs

  • Analog ICs

  • Microcontrollers & Microprocessors


Global Automotive Chips Market by Application

  • Chassis

  • Powertrain

  • Safety

  • Telematics & Infotainment

  • Body Electronics


Global Automotive Chips Market by Vehicle Type

  • Passenger Vehicles

  • Commercial Vehicles


Regional Analysis

  • North America

  • US

  • copyright

  • Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific

  • Rest of the World


Company Profiles 

  • Advanced Micro Devices, Inc. (Xilinx)

  • Arm Ltd.

  • General Motors Co.

  • Infineon

  • KPIT Technologies Ltd.

  • Maxim Integrated Products, Inc.

  • Micron Technology, Inc., NXP

  • Semiconductors N.V.

  • Qualcomm Inc.

  • Renesas Electronics Corp.,

  • STMicroelectronics

  • Synopsys

  • TomTom International BV

  • Toshiba Electronic Devices & Storage Corp.

  • Toyota Motor Corp.


The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global automotive chips market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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